Keener Oil and Gas Company
How we got $4.0M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 32 years (since 1994)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Keener Oil & Gas Company is an oil and gas business with a family history of almost 100 years in the industry, run by the Bartlett family and President Dewey F. Bartlett, Jr., and operating in Oklahoma's energy sector.
From the company's website. Industry: Oil & gas.
Estimated value over time
▲ 9% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▼ 17% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 6 | $2.2M |
| 2020 | Form 5500 | 6 | $2.2M |
| 2021 | Form 5500 | 5 | $1.8M |
| 2022 | Form 5500 | 4 | $1.4M |
| 2023 | Form 5500 | 6 | $2.2M |
| 2024 | Form 5500 | 6 | $2.2M |
| 2025 | Form 5500 | 5 | $1.8M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| KEENER OIL AND GAS COMPANY this business | $3.7M | — |
| BELPORT OIL INC Tulsa · 19 employees | $7.9M | 0.1 mi |
| LYONS & LYONS INC. Tulsa · 3 employees | $1.1M | 0.1 mi |
| Conexus Energy Tulsa | $1.5M | 0.2 mi |
| Corterra Energy, Llc Tulsa | $1.5M | 0.2 mi |
| PRIMARY FUELS LLC Tulsa · 2 employees | $1.1M | 0.3 mi |
| LOCKE CAPITAL, LLC Tulsa · 3 employees | $2.1M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.6M |
| Estimate: the two combined (geometric mean) | $3.7M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $1.1M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $4.0M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.1M – $5.5M |
| Revenue range | $2.4M – $4.2M |
| EBITDA range | $739K – $1.3M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Leadership
- DFDewey F. Bartlett, Jr.President · Company website · source
- DFDewey F. Bartlett, IIIOwner · Company website · source
- JBJamie BoydSigned for the company · 2023 retirement-plan filing (Form 5500)
Advisors
- BankingSpiritBankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| SpiritBank PPP 2020, PPP 2021 | All 369 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $124K | 6 |
| 1/16/2021 | second | $124K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Keener Oil and Gas Company
Keener Oil and Gas Company is an oil & gas company in Tulsa, Oklahoma, in business since 1994. It is owned by Dewey F. Bartlett. Its estimated annual revenue is about $3.7M, with roughly $1.1M of EBITDA. It has about 5 employees. Its estimated business value is $4.0M (likely range $2.1M–$5.5M).
Common questions
- Who owns Keener Oil and Gas Company?
- Keener Oil and Gas Company is owned by Dewey F. Bartlett, according to public sources such as the company's website or filings.
- How much revenue does Keener Oil and Gas Company make?
- SeeBITDA estimates Keener Oil and Gas Company's annual revenue at about $3.7M (likely between $2.4M and $4.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Keener Oil and Gas Company worth?
- About $4.0M, roughly 3.6× its estimated EBITDA of $1.1M, typical for a oil & gas company its size. Likely range: $2.1M–$5.5M.
- How many employees does Keener Oil and Gas Company have?
- About 5, from its 2025 retirement-plan filing.
- When was Keener Oil and Gas Company founded?
- Keener Oil and Gas Company has been in business since 1994.